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PJIO

GradeBNew York Stock Exchange Arca

PGIM Jennison International Opportunities ETF

Active Equity · PGIM · Inception 2023-12-14

$62.41−0.69 (−1.09%)

As of Sep 23, 2026, 3:07 PM EDT

History starts Dec 19, 2023.
Intraday session: down, 25 prints from 63.10 to 62.41. Range 62.26 to 62.65. Use the arrow keys to read each point.$62.30$62.50$62.6010 AM12 PM2 PM4 PM
Expense ratio
0.54%
Fund size
$61M
1Y return
−2.4%
Yield · Last 12 months
0.19%
Volume · 30D
0M sh
NAV per share
$62.15
52W range
low $53.03high $70.89

The ETF.net PJIO Grade

B

57/ 100

Rank 6 of 14 in International Active Growth⁠

Confidence Medium

Six-pillar profile for PJIO. Scores out of 100: Cost 84, Risk 26, Mission not scored, Tradability 56, Holdings 29, Durability 58. Strongest: Cost (84). Weakest: Risk (26). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 84
    Category rank4/14 · top 29%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 26
    Category rank11/12 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 56
    Category rank7/14 · top 50%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 29
    Category rank11/13 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 58
    Category rank6/14 · top 43%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on PJIO

ETF.net Research

BJennison's concentrated international growth playbook, in an ETF: a compact book of non-U.S. stocks picked one at a time. PGIM has announced a rename and a fee cut to 0.54%, so read the current prospectus.

Stated mandate

Seeks long-term growth of capital by investing primarily in non-U.S. companies, including issuers in emerging and frontier markets, using fundamental research and systematic portfolio construction.

Why people hold it

  1. 01Real stock picking, not index-hugging: a non-diversified, high-conviction growth portfolio from Jennison Associates, which PGIM says has run equity strategies for over 50 years.pgim.com
  2. 02The mandate reaches past the usual developed-market blue chips into emerging and frontier issuers, measured against the MSCI ACWI ex USA Index.
  3. 03PGIM has announced an expense ratio cut to 0.54%, level with the cheapest active international growth funds in its peer set (CGXU at 0.54%, JIG at 0.55%).pgim.com

Worth knowing

  1. 01PGIM has announced a repositioning and rename to the PGIM Jennison Focused International Equity ETF, so the strategy described today may not match the one after the change.pgim.com
  2. 02Non-diversified by design: a slip in one big holding lands harder than it would in a broad index fund, and growth styles can sit out of favor for long stretches.pgim.com
  3. 03Small and lightly traded, so bid-ask spreads carry more weight here than at a mega-fund. Limit orders are the standard tool for that.

PJIO Holdings

As of Sep 20, 2026, 6:47 AM
Asset class
Stocks
Holdings
—
Top-10 weight
53%
Largest holding
TSM10.6%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD10.61%14,477$6M268
002ASMLASML HOLDING NV6.93%2,495$4M199
003SAF.PASAFRAN SA5.07%7,819$3M156
004RR.LROLLS-ROYCE HOLDINGS PLC4.92%146,209$3M148
005ARGXARGENX SE4.79%2,822$3M68
006GALD.SWGALDERMA GROUP AG4.42%13,554$3M131
007005930.KSSAMSUNG ELECTRONICS CO LTD4.41%14,168$3M176
008ABBN.SWABB LTD4.40%26,763$3M180
009NVTNVENT ELECTRIC PLC3.92%15,211$2M252
0106857.TADVANTEST CORP3.84%11,624$2M180
011ASM.ASASM INTERNATIONAL NV3.75%2,423$2M145
012ITX.MCINDUSTRIA DE DISENO TEXTIL SA3.66%35,740$2M144
013CFR.SWCIE FINANCIERE RICHEMONT SA3.27%9,223$2M129
0142383.TWELITE MATERIAL CO LTD3.26%12,986$2M114
015ENR.DESIEMENS ENERGY AG3.14%11,304$2M165

Showing 1–15 of 36 holdings

PJIO Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PJIO$9,758
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PJIO $9,758. SPY $11,723. Use the arrow keys to read each point.$7,916$9,981$12,047Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PJIO. Periods over one year show the average yearly return.
PeriodPJIO
Year to date+3.0%
1 month−2.8%
3 months−11.0%
1 year−2.4%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PJIO
YearReturn barPJIO
2026 YTD+3.0%
2025+17.7%
2024+4.6%
2023−0.4%

History from Dec 19, 2023

PJIO in the news

PJIO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.19%Last 12 months
Payout per share
$0.12Last 12 months
Last payment
$0.12 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 27, 2024 $0.11; Dec 30, 2025 $0.12. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$0.12
Dec 27, 2024Jan 3, 2025$0.11

PJIO Risk

How much the fund’s monthly returns vary, scaled to a year.
18.7%
Annualised · 32 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.33
vs 3-month T-bills · 32 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−19.4%
33 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.12
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PJIO Cost

Expense ratio0.54%
  • The middle half of International Active Growth funds
  • Median 0.55%

1 of the 14 International Active Growth funds charge less.

PJIO costs $54.00 a year on $10,000. The median International Active Growth fund costs $55.00.